AuthorTopic: Is the CFA exam curved?
@2018-07-05 22:21:43
I was wondering if the CFA exam is curved? Meaning the mythical 70% mark applies to the top 1% and then 70% right?

Meaning if the highest 1% score is a 230/240, then the 70% is applied to the 230 right?
@2018-07-09 07:50:49
CFAI doesn't say exactly how they grade the exams. One way that has been discussed as a likely possibility is the angoff method. Also, it's been said that candidate's results are typically bi-modal, and there's a fairly natural breakpoint for the passing score.
@2018-07-21 18:58:58
CFA Institute is, in fact, quite explicit about this:

Since 1996, CFA Institute has used the modified Angoff Standard Setting Method to assist the Board of Governors in establishing the minimum passing score (MPS) on each CFA examination...

CFA Discussion Topic: Is the CFA exam curved?

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I used your notes and passed ... highly recommended!